Investment Review – September 2025

Market Indicators

  • JSE All Share (ALSI) 107,940.48
  • Rand/Euro R 20.25
  • Rand/Pound R 23.19
  • Rand/US Dollar R 17.26
  • Rand/Aus Dollar R 11.35

Sinking Funds Demystified

Sinking funds offer a unique combination of tax efficiency, estate planning benefits, and structured liquidity for long-term investing. When used appropriately, especially for goals like legacy planning or funding future liabilities, they can be a powerful tool in a diversified wealth strategy, especially for high-net-worth individuals and trusts. This article aims to unpack the key features, limitations, and strategic uses of sinking fund policies in South Africa.

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The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.